The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-06-22
THE MORNING NEWS: WEDNESDAY. JUNE %. 1887.

Lake s y He: ss34 Union Pacific. sos
Memphis & Char. - Missouri Pacific 107
Mobile & Ohio. -. 1885 Western Union m
Nash. 4 Chatt'a. sHk oottononTrust Ger so
TAsked. ibid.
NEW York, June 81, noon.-Cotton opened
quiet but steady; middling uplands lie, mid
ding Orleans II 3-l6c: sales 202 bales.
Futures-Market opened firm with sales as
follows: June delivery 10 75c July 10 59c, August
10 Sc September 10 47c. October 10 03c. Novem-
500 p. m.-Market closed quiet but steady;
middlng uplands lie, mddling Orleans II 3-16c;
sales to-day l63 bales; net receipts none, gross
3,035 bales.
Futures Market closed barely steady. with
sales Of III 800 bales, as follows: June delv-
cry 10 76010 1Sc, July 10 76c August 10 S36D
10 SIC, September 10 SOLO 46c, October 10 0s
40 S5c, January S900 90c, February 966D
997c, March 10 03@10 04c, April 10 10@i0 12c.
Green & Co.'S report on cotton futures SAYS:
ut has been. feverish market all day, and
while the cost on the old crop ranged SOLO
points at a time the advance not MAIN
| tanned. The early gain was due in great meas
ure to manipulation on the part OF the bull
the short side were induced to cover, but during
the afternoon buyers became scarce and there
was reactionary feeling There was failure
OF a Cincinnati bank, and the break here in
wheat and coffee, coupled with an Indifferent
demand for spots, all appeared to carry more or
less reflected influence. The crop was firm in
the morning, but afterward eased off somewhat
under better weather reports"
GALVESTON, June 21.-Cotton nominal; mid
ding 10 9-l6c; net receipts none, gross none;
sales 81 bales; stock 6, 739 bales.
NORFOLK, June I.-Cotton quiet; mddng
lie; net receipts bales gross 3; sales none
stock SOS bales; exports coastwise 80 bales
BALTIMORE, June 21.--Cotton firm; middling
119Sc net receipts none, gross none; sales none;
stock g. S54 bales.
Boston, June 21-Cotton quiet; mddlng
111sc; net receipts So bales, gross $40; sales
WILMINGTON, June 21.-Cotton firm; middling
lie; net receipts bales, gross 2; sales none
stock SOB bales.
ding 1l3sc; net receipts none, gross none; stock
1888 bales.
New ORLEANS, June 2l.-Cotton dull and
nominal; middling 10 11-16c; net receipts 1871
bales gross 49, sales - bales; stock - bales
MOBILE, June 2l.--Cotton dull and nominal
middling 1014c; net receipts y bales, gross 81
sales none; stock 3S2 bales.
MEMPHIS, June 2l.-Cotton quiet; middling
l034c receipts 50 bales; shipments "a bales; sales
lbs bales; stock s, 100 bales.
AUGUSTA, june 21-Cotton quiet; mddlng
10 15-16c; receipts 10 bales; sales none.
CHARLESTON, June 21.--Cotton quiet but firm;
middling 1034c; net receipts bales, gross 2;
| sales none; stock IRA bales,
ATLANTA, June .-Cotton-middling 10l66
109Sc; receipts bales.
NEW YORK June demonstrated net receipts
for all cotton ports to-day 324 bales; exports
LILY; stock at all American ports 297, 5S1 bales
PROVISIONS, GROCERIES. ETC.
New York, June 81, noon.-FIour dull and
heavy. Wheat depressed and unsettled. Corn
dull and lower Pork dull; mess, S15 OO6l15 %.
Lard dull and weak at S. 65. Freights steady.
Old mess pork dull at Sl4 50G114 rs.
500 p. m.-FIour. Southern dull and heavy.
Wheat-No. red, sS@9214c, June delivery s76g
94c, July 1914 @s51ac, August SS@S5c. Corn 14c
lower No. :, 4G14c, June delivery nominal, July
Int a claI Np 40.
No. 2, June delivery 330331Sc, July 1924 a 3256c.
Hops quiet but steady. Coffee, fair Rio on
spot 1s54c; No. Rio, July delivery IL ESQ 10 zoe,
Sugar quiet but steady. Molasses steady; one
cargo 50 test 1870. Cotton seed OIL crude nomi-
nal; refined 421s@45c. Hides steady but quiet.
heavy; mess S14 504a14 rs for old, $15 00015 %
for new. Mddles dull and nominal. Lard 2@5
points lower and moderately active; Western
steam, on spot So 60@6 6019, June delivery
CHICAGO, June 2l.--An oppressively weak
feeling prevailed in wheat at the opening, and
traders were feeling decidedly blue. July
opened 5sc lower at 6915c, but some little effort
was made to sustain the market, and few
minutes later July was selling at 6994c. The
support was only temporary, however, and
bank wheat being put on the market, July soon
reacted to 6919c, around which figure it held
steady during the first hour of the session. At
the end of that time the tailers found that they
had sold themselves short and began to cover,
and July went up 60 7o1sc.s Under this influence
the marketing of bank wheat again caused July
to ease back to 6934c. There no let up in
the sales of wheat for the account of the banks
to-day, and realizing continued straight up to
the close of the session. The effect of the gen
eral selling was to break wheat from 69l6c
to 6S34c for July, the latter figure being reached
about noon. At the bottom price there were
many good buying orders, and the reaction
sent the price of July up to 6934c, at which
figure the morning session closed The heavy
exports from the seaboard and the covering by
the short interest made the afternoon market
stronger. July sold up to rose, and closed at
roc. The fluctuations in June were not very
marked 1t opened at 6S34c, and closed at 69c.
Corn was moderately active, with the feeling
somewhat unsettled. The prices were generally
weak and lower. The trading was largely local
and the offerings were quite free, but the de
mand was very light. The weaker feeling which
prevailed in the wheat market during the earlier
hours of the session also had depressing effect
ON corn. July opened at 38c, and sold down TO
3514c, but in sympathy with wheat during the
afternoon session, reacted, closing at 3614c.
Oats were dull and weak. There was little
speculative interest conferred in the market.
July opened NC lower at 2514c, sold down to
25c, and closed at the opening figures. Quite
an active speculative business was transacted
in the provision market but the feeling was
greatly unsettled and the prices ruled weak
and lower. The offerings were quite liberal,
while the demand only fair and mainly
from parties who covered outstanding contracts
at profit. The receipts Of hogs were light, and
prices ruled higher, but nervous feeling in the
grain markets had considerable effect on pro-
visions. July lard opened at So IS, sold up to
Sc 30, and down TO So rs, closing at the opening
figures. July spare ribs opened at 81 3219, sold
up to 81 IS, and down to 81 10, closing at
81 271@.
Cash quotations to-day ruled as follows Flour
ruled quiet, with no new features; prices steady
at former quotations. Wheat, No. spring
6S34c; No 9 red 7ic. Corn, No. 2 359sc. Oats,
No 2, 241sc. Mess pork, S22 Lard SIS oo66 %.
Short rib sides, loose 81 2067 25 Dry salted
shoulders, boxed So 6005 10; short clear sides.
boxed So 55GD7 90. Whisky, ST. 10.
Leading futures ranged as follows: i
Onauinp Hi0haSt GlOsncr